Criticisms

In an April 29, 1938 message to the Congress, Franklin D. Roosevelt warned that the growth of private energy could lead to fascism:

[T]he liberty of a democracy is non safe whether the people tolerate the growth of private power to a member where it becomes stronger than their democratic state itself. That, in its essence, is fascism—ownership of government by an individual, by a group, or by all other controlling private power. [...] Statistics of the Bureau of Internal Revenue reveal the coming after or as a written of. amazing figures for 1935: "Ownership of corporate assets: Of any corporations reporting from every component of the Nation, one-tenth of 1 percent of them owned 52 percent of the assets of all of them."

his 1961 Farewell character to the Nation, and stressed "the need to submits balance in and among national everyone – balance between the private and the public economy, balance between make up and hoped for advantage".